Press Releases

National land prices up $594 billion

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MEDIA RELEASE Wage growth suffers from record increase in Australian land prices. “The $593.7 billion uplift in land prices announced today is thirty times larger than total banking profits. The average annual gain has been around $180 billion, so to have an increase some $400 billion higher than normal shows just how much money has […]

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Treasurer Hockey supports ending stamp duty for land tax

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PRESS RELEASE 19 May 2015 MELBOURNE:- Federal Treasurer Joe Hockey has endorsed moves by South Australia to abolish Stamp Duty and replace it with a nil exemption, broad-based land tax. He said the cost of an annual land tax would likely be less in the long term than upfront stamp duty. “This exercise in ‘experimental […]

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COAG needs state sovereignty, not handout politics

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Press Release: Debate over GST split ignores bigger issue “The States should not be threatening to re-impose regressive taxes of the past, but be working with the Federal government to overcome the mis-information prevalent in a property obsessed economy,” stated Prosper Australia Project Director Karl Fitzgerald. “Treasurer Hockey is concerned at the tax avoidance of […]

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Rates Cap to Continue Vicious Circle

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“Victorian Labor’s capping of local council rates plays straight into the hands of Tony Abbott’s pro-GST revenue centralisation agenda” stated Prosper Australia Project Director Karl Fitzgerald. “The integrity of Victoria’s local council rating independence was dealt another blow by the arbitrary limit on council revenues. Local Councils will now have to deal with more red […]

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Funding Melbourne’s new underground rail link

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Media Release “The Andrews government has lost no time putting its stamp on the future shape of Melbourne, funding the planning stage of the Melbourne Metro Rail tunnel – while fretting about the $9 billion cost. “Victoria can fund this vital connection, lifting train speeds and frequency throughout the network,” Karl Fitzgerald Project Director, Prosper […]

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Victoria Liberals set to privatise Land Titles Office – a core government function

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Media Release 26 November 2014 “The Napthine government policy announcement it will sell Victoria’s Land Titles Office if re-elected is a grave error and to be condemned,” David Collyer Policy Director Prosper Australia said today. “The Land Titles Office is a core government function, as fundamental as the judiciary and Parliament itself. “It makes legal […]

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Empty Investment Homes Hurt Affordability

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Press Release for Speculative Vacancies 7 report launch  A new report finds 64,386 properties are likely vacancies during Melbourne’s record-long housing supply crisis. “32% of the Docklands may be a speculators paradise but it’s facing a ghost town future if the incentives for property investors continue” claimed Prosper Australia spokesperson Karl Fitzgerald. “Vacancy rates have […]

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Freebairn: engaging States in tax reform

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Press Release Last night Professor John Freebairn gave a passionate speech at the 123rd Annual Henry George Commemorative Dinner, on the difficulty of meaningful tax reform. “The problem is we don’t have a Paul Keating or a Peter Costello who is willing to spend a year or two to explain why the current system is […]

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Higher GST ignores housing, inequity

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Press Release The Abbott government must rebuild State relationships by assisting in the educative process of tax reform. “The outsourcing of deficit pressures by Treasurer Joe Hockey has accelerated the need for state revenue reforms” stated Prosper Australia spokesman Karl Fitzgerald. “State governments should not fall into line with the push for a higher GST. […]

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Budgeting for Capital Gains

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Press Release “Treasurer Joe Hockey’s budget is a boon for those in pursuit of capital gains” stated Prosper Australia spokesman, Karl Fitzgerald. “Whilst claiming we all must contribute to the heavy lifting, the budget ignores the easy unearned incomes in real estate and mining.” “Mr Hockey’s “Prosperity isn’t a matter of luck. Prosperity is not a […]

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